APAR Industries Limited has announced its strategic entry into the telecom service business, marking a significant diversification into railway signalling and telecom infrastructure. The company disclosed this development through a regulatory filing dated January 29, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Major Contract Win from South Eastern Railway

The company has secured a substantial contract from South Eastern Railway following a competitive bidding process. This project involves the supply, erection, testing and commissioning of telecom towers and Optical Fiber Cable (OFC) backbone infrastructure across approximately 1,563 route kilometers.

Supporting India's Railway Modernization Initiative

This contract is part of Indian Railways' nationwide upgrade of signalling systems to enhance safety, automation, and operational efficiency. The infrastructure will support the deployment of Kavach, an indigenous Automatic Train Protection (ATP) system designed to prevent train collisions and ensure speed regulation.

The project will be executed under the Standard EPC Agreement framework adopted by Indian Railways, which emphasizes milestone-based payments and balanced risk allocation between the Authority and the Contractor.

Strategic Benefits and Future Prospects

The entry into telecom service business offers multiple strategic advantages for APAR Industries:

• Revenue Diversification: Building a scalable Telecom EPC platform capable of addressing mission-critical national projects and emerging digital connectivity needs
• Engineering Leverage: Harnessing APAR's existing engineering and project execution strengths to deploy advanced signaling, communication, and digital infrastructure systems
• Market Positioning: Contributing to India's vision for a safer, smarter, and more connected railway network through indigenous technology deployment

Investment and Execution Framework

The company has indicated that there may not be significant capital expenditure required for this project during the term of agreement. However, the estimated working capital requirement is around ₹10 crores to support the project execution.

Successful execution of this project is expected to deepen APAR's engagement with Indian Railways and position the company for future business opportunities across other railway zones. The contract also provides visibility into long-term infrastructure planning and digital transformation initiatives, expanding the company's footprint in communication infrastructure.

APAR Industries has submitted the transcript of its analysts and investors conference call held on January 29, 2026, regarding the company's Q3FY26 unaudited financial results. The submission was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Regulatory Compliance and Documentation

The company filed the transcript under reference number SEC/0402/2026 on February 4, 2026, following their earlier submission of the audio recording link on January 29, 2026. Company Secretary Sanjaya Kunder digitally signed the submission, ensuring compliance with regulatory requirements.

Management Participation

The earnings conference call featured key management personnel discussing the company's Q3FY26 performance and business outlook. The management team included Chairman and Managing Director Kushal Desai, Managing Director Chaitanya Desai, and Chief Financial Officer Ramesh Iyer.

The conference call was moderated by Ambesh Tiwari from S-Ancial Technologies, facilitating discussions between management and analysts regarding the company's financial results and strategic initiatives.

Accessibility and Transparency

The transcript has been made available on the company's official website at www.apar.com , ensuring accessibility for stakeholders and investors. This submission demonstrates the company's commitment to transparency and regulatory compliance in financial reporting and investor communications.

The comprehensive 30-page transcript provides detailed insights into the company's quarterly performance, covering various business segments and addressing investor queries during the conference call session.